EveryWare Announces the Exercise of 1.15 M Warrants; Sale of InContext Corporation Non Core Products Finalized.MISSISSAUGA, Ontario--(BUSINESS WIRE)--March 17, 1998--EveryWare Developmen(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :EVE) EveryWare Development Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :EVE) the leading developer of cross platform software for the construction and analysis of dynamic Web applications, today announced that investors exercised 1.15 Million share purchase warrants, raising $1.27 Million for EveryWare. EveryWare recently re-priced the warrants to attract new capital in order to expand the market presence of its two popular product lines; Tango Enterprise, a Web application development environment, and Bolero bolero (bəlâr`ō), national dance of Spain, introduced c.1780 by Sebastian Zerezo, or Cerezo. Of Moroccan origin, it resembles the fandango. , a Web site monitoring See Web analytics. and analysis application. "Raising additional capital from our existing shareholders demonstrates continued confidence in our ability to execute" said EveryWare CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Don Whitbeck. "The re-pricing allowed those who invested in us in the early days an opportunity to participate going forward, while not increasing the fully diluted shares outstanding of the company," he said. "The capital will be invested in additional resources in marketing and expanding EveryWare's sales presence." EveryWare's Tango Enterprise Development Studio is the industry leader for the development and deployment of dynamic web applications. Since it first shipped in 1995, it has become the standard Web development environment for over 5,000 Web application developers worldwide. Tango provides Web developers with a superior visual development environment that allows for the creation of dynamic Web applications faster than any other tool on the market. Tango application files work in conjunction with the Tango Application Server, available on Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT/95, Sun Solaris, SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. IRIX A Unix-based operating system from SGI that is used in its computer systems from desktop to supercomputer. It is an enhanced version of Unix System V Release 4. IRIX integrates the X Window system with OpenGL, creating the first real time 3D X environment. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) AIX (Advanced Interactive eXecutive) IBM's Unix-based operating system which runs on its Intellistation workstations and pSeries, p5, iSeries and i5 server families. and Apple Mac platforms. EveryWare's Bolero 2, shipping this quarter, allows Web administrators to monitor (in real time) high-end Web servers generating millions of hits per day. Bolero gives management the ability to identify and quantify activity and user demographics to evaluate a Web site for development and investment return. Sale of InContext Corporation Completed EveryWare also announced that it has completed the sale of a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , InContext Corporation, to an unnamed third party for gross proceeds of $1,252,500 ($752,500 net to EveryWare). Assets of InContext include the SGML-2, Spider, Web Analyzer and Flash Site product lines. No employees were affected by the sale, and EveryWare retains the ability to market and distribute Web Analyzer, InContext's award winning site integrity analysis tool. EveryWare will also pay $500,000 to InContext for a distribution and support contract. About EveryWare Development Inc. EveryWare is the leading developer of cross-platform software for the construction and analysis of dynamic Web applications. The company supports multiple operating environments, including Microsoft Windows NT/95, Sun Solaris, IBM AIX, SGI IRIX, and Apple MAC OS. EveryWare has two key products: Tango Enterprise, a Web application development environment that includes the Tango Enterprise Development Studio and Tango Enterprise Application Server; and Bolero, a Web site monitoring and analysis application. Visit our Web site at www.everyware.com. For more information on EveryWare or any of EveryWare's products, call 888-819-2500 or 905-819-1173, or email us at info@everyware.com. EveryWare, the EveryWare logo and Tango Enterprise are trademarks of EveryWare Development Inc. Other product and corporate names may be trademarks or registered trademarks of other companies, and are used only for explanation and to the owners' benefit, without intent to infringe. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: EveryWare Development Inc. Marie Verdun, 905/819-1173 ext. 374 mcverdun@everyware.com or Global PR Nancy Reuscher, 415/331-7218 nrpr@aol.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion